As a Generalized Statement Regarding Lease Accounting, Which Statement Best

Multiple Choice

As a generalized statement regarding lease accounting, which statement best describes U.S.versus international accounting principles?

A) IFRS for leases are more principles-based than GAAP.
B) IFRS for leases are more rules-based than GAAP.
C) IFRS and GAAP are similarly rules-based.
D) IFRS and GAAP are similarly principles-based.